If you are a business person, you can use mobile identity verification mobile identity verification to confirm the identity of your mobile customers. The advantage of this solution is that you can verify mobile users without compromising customer experiences. You can reduce mobile account opening abandonment as well as fraud without compromising your customer’s experience. Mobile identity verification solutions work in real time and are fast, accurate, and affordable. They are the fastest way to identify and say “yes” more mobile customers.
Mobile identity verification solution address the biggest challenges of mobile account opening, including high abandonment rates from poor user experience as well as high rejection rates resulting from limiteddata for account screening. With these solutions, businesses can deliver a frictionless mobile experience. Instead of forcing your customers to type lots of information on a smartphone screen, a mobile verification solution will read customer data from a photo of a government issued ID. Using data that is extracted from IDs streamlines mobile account opening while at the same time reducing errors from typos.
Mobile identity verification solutions also reduce typing requirements to just entering an SSN. Basic name and address data can be read automatically from the photo of an ID and auto-form-filled. You can get the customer data you want, while your customers will get a fast, easy-to-use experience. Potential borrowers are spending more time on their phones than ever before these days. If it is not happening already, it will become commonplace to open new credit accounts on a mobile device. Mobile identity verification solutions enable lenders to provide a top-notch user experience for mobile account opening, leading to more positive outcomes. They can help lenders succeed in the digital-first world.
For more information on the benefits of mobileidentity verification solutions to businesses, visit our website at https://loginid.io/
